Quality of Human Capital

Quality of Human Capital

Quality of human capital is a key contributor to increase of productivity and economic growth.

Out of 40 countries covered by WIOD database, South Korea has the largest share of high-skilled personnel in labor force (almost 50%). The share of high-skilled labor in other BRICS countries is much lower - 16% Brazil, 14%-Russia, 7%-India, 6.5%-China. Despite relatively low share of high-skilled workers, China has already outpaced United States in terms of total number of high-qualified personnel (50.4 vs 50.2 million people in 2009).